HCL seeks to enter ICT education biz in India

With a major plan of entering the Indian markets, HCL Infosystems Ltd., the IT hardware vendor, wants to expand its ICT business in India. According to HCL Infosystems' founder and chairman Ajai Chowdhry, HCL is one of the largest companies totally focusing on growing ICT market in India. Business portfolios including products and services business, system integrations and training and education are a part of HCL Infosystems. According to Chowdhry, the company is keen on focusing on education business and will work in providing educational multimedia content to government and private schools for K12. Company is mainly focusing on the education market, where it is investing with a software content company to create the content. Also, it will be hiring sales teams for this market.

Chowdhry informed that the company will raise funds of about INR 820 crore which include INR 500 crore via qualified institutional investors (QIP) and remaining INR 320 crore through sale of shares and warrants. Apart from products and services, system integration, training and education portfolios, the company has strong presence in the areas of e-governance, health and power. According to Chowdhry, behind these growth areas, there's room within system integration and services business for creating back end services centers.

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